A sea of green on stock markets across Asia although not as substantial as that on overnight markets, with Japanese bourses closed for a holiday providing a muddy picture to overall sentiment. Commodities were relatively weak while currencies tread water as USD gained slightly.
The Shanghai Composite was floating along and looked set to put in a scratch session but surged at the close to finish 0.5% higher, but still below 3000 points while the Hang Seng Index advanced in a similar way, up 0.3% to 26800 points as it continues to fight resistance overhead at the 27000 point level and not looking energetic at all on the daily chart:
Japanese share markets were closed for a holiday as Yen strengthened throughout the session, the USDJPY pair unable to claw itself out of its sideway bent and remaining depressed here at the mid 108’s, ready to threaten trailing ATR support soon:
The ASX200 put in a solid session, lifting nearly 0.3% to 6672 points and continuing its stabilising pattern after the sell off late last week. The stall in the climb in the Aussie dollar helped again as buying exhaustion set in, the Pacific Peso stalling once more without a new session high at the 68.70 level before the City open:
Both S&P and Eurostoxx futures are relateivley flat or up 0.1% or so with more Brexit drama spilling into the risk taking arena. The S&P500 four hourly chart is still showing a reluctance to break over the psychologically important 3000 point barrier, as price marches sideways but still supported without much selling pressure:
The economic calendar is again quiet tonight with some third tier UK and Euro releases only, with all focus on the new “deal” with Brussels and Brexit brouhaha.